First Independent Mena Newspaper
Following the hostage situation in Algeria, analysts fear that oil and gas future investments are dominated by uncertainty due to fears that investors will be unwilling to venture into its Sahara desert. Some believe that investments won’t be affected because the resources will be too tempting for companies to ignore. Alison Lyall, a security analyst […]
A quarterly report on Libya has been announced by Research and Markets with oil and gas production will be experiencing a strong recovery with the political stability yet to be assured. According to the report, the current levels of oil and gas production will surpass the pre-war levels under the Ghadaffi regime in the long […]
In a few days, operations will begin at the Zueitina oil terminal following the oil minister’s approval after protests by former rebels over social demands obliged it to halt. Abduladeem Shareed, security supervisor at the terminal said they have “received information from the administration saying that the organization has decided to restart operations and oil […]
Algeria has been urged to diversify its economy which is heavily based on revenues generated from oil exports. This remark was made during the periodic assessments of the Algerian economy in the current year which has just a few days to go. The International Monetary Fund (IMF) and World Bank (WB) did show their satisfaction […]
Bejaia will be home to an oil terminal in 2015 destined to play a major role in the maritime area of Sidi Ali Lebhar according to the CEO of the Bejaia port company, Djelloul Achour. The project has obtained the Ministry of Energy and Mines approval and has been undertaken by Laboratory of Maritime Studies […]
The head of Libya’s oil ministry Abdelbari al-Arusi is planning to set up two separate institutions which will be responsible for the exploration and production activities on one hand and the other will be taking care of the refinery but they will all be under the ministry. According to reports, Benghazi will host the body […]
The Libyan Investment Authority (LIA) on Monday flatly denied it is planning to take over Petroplus Petit Couronne, a French oil refinery which is currently in bankruptcy proceedings. “The LIA has denied the news circulated by some media and on the internet about its intention to buy an old refinery in France,” reported the Libyan […]
The gap between the Algerian regime favourites and the majority of the population, which is living in rather difficult conditions, is increasingly widening although the country’s oil resources generate huge resources. While the Arab Spring wave swept over many neighboring countries in the region, Algeria has largely been spared large-scale unrest. Nonetheless, the government has […]
Bidding announced by the Egyptian Natural Gas Holding Company (EGAS) to sanction the importation of Liquefied Natural Gas (LNG) by the private sector for first time in Egypt has expired although some major oil and gas companies withdrew. Companies such as British Petroleum, Royal Dutch Shell, the Kuwaiti Kharafi Group and Taqa Arabia, a subsidiary […]
Vienna plays host November 6 through 8 to the seventh annual North Africa oil and gas summit that will provide attendees with the opportunity to share insights on the region’s recent development prospects and a concrete understanding of the available blocks, evolving fiscal and legal frameworks and contractual terms from strategy leaders in the region. […]